Property investors who have had real estate in Ararat, 3377 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -7.44%
Across a shorter period, Ararat, 3377 has seen a median price increase of 0.13% over the last quarter.
Property investors looking for a bargain in Ararat should be aiming for at least -6.81% off the asking price, which is the average vendor discount being achieved at the moment.
At number 3122 in a list of fastest selling suburbs, Ararat is in the bottom 20% of suburbs in Australia with an average of days on market 116.2 for properties listed there.